The minimum tax is $175. Assumed Par Value Capital Method. Authorized Shares method and a minimum tax of $400. If payment is by credit card click submit only once, clicking multiple times may result in duplication of charges to your credit card. Electronic Payment (ACH Debit)Required for all transactions over $000.
Checking AccountCredit Card 1. See full list on corp. Failure to file the report and pay the required franchise taxes will result in a penalty of $200. Failure to pay the required annual taxes will result in a penalty of $200. If the tax is not paid on or before March the state imposes a $2late penalty, plus a monthly interest fee of 1. Annual taxes are assesse.
Corporations use the LLC tax rate calculator to determine taxes. Taxes vary depending on the business entity. Consider additional taxes such as employment, payroll, self-employment tax , federal income tax , and accumulated earnings tax. There are also local income taxes in Wilmington.
Penalty for non-payment or late payment is $200. Taxes for these entities are due on or before June 1st of each year. Instant Download and Complete your Corporate and LLC Forms, Start Now! All Major Categories Covered. Additionally, the city of Wilmington collects its own income tax , at a flat rate of 1. For everyone who does not live or work in Wilmington, however, only the state tax is due.